SmarTire Signs Sears to Installation Network
9 February 1999
SmarTire Signs Sears to Installation Network
RICHMOND, British Columbia--Feb. 8, 1999-- SmarTire Systems Inc. (VSE:SES.) announced that its subsidiary, SmarTire USA, has added Sears Auto Centers and NTB National Tire & Battery to its installation network for the SmarTire Direct program.
Through the SmarTire Direct program, consumers who purchase a SmarTire monitoring system directly from the Company will receive a coupon to present to any member of SmarTire's installation network to have the system installed free of charge.
With the addition of Sears Auto Centers and NTB Stores, SmarTire adds most of the approximately 1,100 outlets across the United States. SmarTire monitoring systems are now available for purchase and/or installation at approximately 2,300 locations across North America.
"With these additions to our network, we have achieved unparalleled national distribution," said Gary Schlachter, Executive Vice President, Sales and Marketing, SmarTire USA. "Sears offers high- profile retail locations, well-trained personnel and the latest in installation equipment. Furthermore, with this agreement, SmarTire establishes a working relationship with the largest automotive aftermarket retailer in the world."
The SmarTire Direct program is being launched through advertisements in national automotive and recreational vehicle magazines and through the Internet. SmarTire Systems Inc. develops and markets proprietary tire monitoring systems for the North American and European automotive aftermarkets. Through a strategic alliance, SmarTire and TRW Inc. are committed to providing superior tire monitoring systems for both aftermarket and original equipment applications. Additional information is available at www.smartire.com.
On behalf of the Board of Directors,
Robert V. Rudman, C.A., President and CEO
Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Company's customers. Actual results and developments may therefore differ materially from those described in this release.
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release.